When it comes to gold jewelry, the truth is: not all gold is created equal.
Today, we’ll uncover the secrets of investment-grade gold jewelry that department stores won’t tell you about. These little tips could change how you think about buying gold jewelry forever.
But first, let’s dive into the latest news and check in with an update on inflation…
Danish Heirs to Sell $72 Million Rare Coin Collection
The legacy of Danish butter magnate Lars Emil Bruun has reached a stunning climax, as his descendants prepare to auction off a massive, 20,000-piece coin collection valued at an astounding $72 million. Bound by a century-old will, the collection was kept intact despite attempts by at least one grandchild to contest the terms. This fall, the collection’s first segment will be presented for sale, promising to be a focal point for coin collectors and historians alike.
S&P Global Reports Decline in U.S. Business Activity
On Tuesday, S&P Global noted a decrease in the U.S. Composite PMI Output Index, which tracks the manufacturing and service sectors. The index dropped to 50.9 in April from 52.1 in March, indicating a slowdown in private sector expansion.
The Fed’s May Interest Rate Decision: What to Watch For
The Fed will next meet to set interest rates on April 30 to May 1, the third of the Fed’s eight scheduled meetings in 2024. The upcoming inflation data will likely be a key factor in any decision to cut rates, as FOMC officials have specified their inflation targets before adjusting interest rates.
Over 1,800 Banks Accessed Emergency Funds Post-SVB Collapse
The Federal Reserve reported that 1,804 depository institutions, representing 20% of all eligible entities, accessed its emergency lending facility following the collapse of Silicon Valley Bank last March. According to the semi-annual Financial Stability Report, most of these institutions — 95% in fact — were smaller entities with assets under $10 billion.
Reports say the program stopped making new loans on March 11 of this year. At its peak, the program extended over $165 billion in loans. Investors and depositors will have to keep a watchful eye on the banking sector until March of 2025, when the last of these emergency loans are scheduled to be repaid.
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